dmd: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
dmd
Largest movements
- Tangible fixed assets -€16,770
down €16,770 (-3.4%), from €487,470 to €470,700
of which Land and buildings: -€24,853
- Other debts +€93,188
up €93,188 (+63.4%), from €146,905 to €240,093
- Current portion of long-term debt -€65,579
down €65,579 (-81.7%), from €80,254 to €14,676
- Reserves -€28,212
down €28,212 (-96.2%), from €29,333 to €1,121
of which Distributable reserves: -€28,212
- Debts after one year -€14,676
down €14,676 (-6.8%), from €216,010 to €201,334
- Gross operating margin +€20,546
up €20,546 (+75.2%), from €27,330 to €47,876
- Depreciation -€12,010
down €12,010 (-19.1%), from €63,004 to €50,995
- Other operating charges -€3,605
down €3,605 (-18.0%), from €20,051 to €16,446
- Staff costs -€2,678
down €2,678 (-100%), from €2,678 to €0
- Financial charges -€1,104
down €1,104 (-8.0%), from €13,745 to €12,640
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €495,673 | €477,100 | -€18,573 | -3.7% |
| Fixed assets | 21/28 | €487,470 | €470,700 | -€16,770 | -3.4% |
| Tangible fixed assets | 22/27 | €487,470 | €470,700 | -€16,770 | -3.4% |
| Land and buildings | 22 | €483,102 | €458,248 | -€24,853 | -5.1% |
| Plant, machinery and equipment | 23 | €1,593 | €884 | -€709 | -44.5% |
| Furniture and vehicles | 24 | €2,775 | €10,762 | +€7,986 | +288% |
| Other tangible fixed assets | 26 | €0 | €806 | +€806 | |
| Current assets | 29/58 | €8,203 | €6,400 | -€1,803 | -22.0% |
| Amounts receivable within one year | 40/41 | €4,576 | €387 | -€4,190 | -91.5% |
| Trade receivables | 40 | €4,180 | €0 | -€4,180 | -100% |
| Other amounts receivable | 41 | €397 | €387 | -€10 | -2.5% |
| Cash at bank and in hand | 54/58 | €2,373 | €4,718 | +€2,345 | +98.8% |
| Deferred charges and accrued income | 490/1 | €1,253 | €1,295 | +€42 | +3.3% |
| Total equity and liabilities | 10/49 | €495,673 | €477,100 | -€18,573 | -3.7% |
| Equity | 10/15 | €47,925 | €15,087 | -€32,839 | -68.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €29,333 | €1,121 | -€28,212 | -96.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €102 | €102 | = | 0.0% |
| Distributable reserves | 133 | €29,231 | €1,019 | -€28,212 | -96.5% |
| Profit (loss) carried forward | 14 | €0 | -€4,627 | -€4,627 | |
| Amounts payable | 17/49 | €447,748 | €462,014 | +€14,266 | +3.2% |
| Amounts payable after more than one year | 17 | €216,010 | €201,334 | -€14,676 | -6.8% |
| Financial debts | 170/4 | €216,010 | €201,334 | -€14,676 | -6.8% |
| Amounts payable within one year | 42/48 | €231,738 | €260,680 | +€28,941 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €80,254 | €14,676 | -€65,579 | -81.7% |
| Trade debts | 44 | €3,540 | €4,677 | +€1,137 | +32.1% |
| Suppliers | 440/4 | €3,540 | €4,677 | +€1,137 | +32.1% |
| Taxes, remuneration and social security | 45 | €1,038 | €1,234 | +€195 | +18.8% |
| Taxes | 450/3 | €1,038 | €1,234 | +€195 | +18.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €146,905 | €240,093 | +€93,188 | +63.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,678 | €0 | -€2,678 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,004 | €50,995 | -€12,010 | -19.1% |
| Other operating charges | 640/8 | €20,051 | €16,446 | -€3,605 | -18.0% |
| Non-recurring operating charges | 66A | €244 | €0 | -€244 | -100% |
| Gross operating margin | 9900 | €27,330 | €47,876 | +€20,546 | +75.2% |
| Operating profit (loss) | 9901 | -€58,647 | -€19,564 | +€39,083 | +66.6% |
| Financial income | 75/76B | €0 | €14 | +€14 | |
| Recurring financial income | 75 | €0 | €14 | +€14 | |
| Financial charges | 65/66B | €13,745 | €12,640 | -€1,104 | -8.0% |
| Recurring financial charges | 65 | €13,745 | €12,640 | -€1,104 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€72,392 | -€32,191 | +€40,201 | +55.5% |
| Income taxes | 67/77 | €149 | €648 | +€499 | +336% |
| Profit (loss) for the period | 9904 | -€72,541 | -€32,839 | +€39,702 | +54.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,541 | -€32,839 | +€39,702 | +54.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.